Stock market perspective 1/31: Continued differentiation

Investment Comments

Dragon Viet Securities (VDSC) : VN-Index continued to increase on January 30 despite cautious signals from the previous session. Liquidity increased slightly compared to the previous session, showing that supply has not yet caused great pressure, while cash flow has made efforts to support and absorb supply.

With signs of recovery, it is likely that VN-Index will continue to be supported and gradually increase along the price channel in the coming time.

Vietcombank Securities (VCBS) : With the current developments, the market will continue to be differentiated and will soon retest the peak of 1,190 points in the coming sessions.

VCBS recommends that investors continue to maintain their weight in stocks that are attracting good cash flows in industries such as retail, chemicals, and fertilizers. With the current situation, cash flows will continuously circulate between industries, so investors can still maintain the T+ trading strategy, realize profits for stocks that have reached resistance and consider partial disbursement for stocks that are accumulating well in the support zone.

Saigon - Hanoi Securities (SHS) : In the short term, VN-Index is in an uptrend with a resistance level around 1,185 points. SHS expects the index to soon surpass the above level to reach the psychological resistance level of 1,200 points.

The market maintains positive movements, short-term investors can still disburse into stocks expected to grow during the financial reporting season in the correction sessions with the expectation that the VN-Index will have a new positive increase. Medium and long-term investors can continue the strategy of gradually accumulating purchases during the correction sessions because the market will need more time to accumulate and form a new uptrend.

Stock news

- In 2023, coal imports skyrocketed. According to statistics from the General Department of Customs, Vietnam's coal imports of all kinds reached more than 4.8 million tons, equivalent to nearly 630 million USD in December 2023, down 3.2% in volume and 8.6% in value compared to the previous month.

Accumulated for the whole year of 2023, coal imports of all kinds reached more than 51.1 million tons, worth more than 7.1 billion USD, a sharp increase of 61.4% in volume and 0.7% in value over the same period in 2022.

- SJC gold bars remain at their peak of nearly 77 million VND/tael. Specifically, SJC gold at SJC Company (Hanoi) is still listed at 74.30 - 76.82 million VND/tael (buy - sell). PNJ gold in Hanoi and Ho Chi Minh City is still traded at 74.40 - 76.80 million VND/tael (buy - sell) .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-311-tiep-tuc-phan-hoa-a648114.html